MIRA
INFORM REPORT
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Report Date : |
01.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
BEDAYA FOR MEAT PROCESSING |
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Registered Office : |
New City, Zone
No. 3, Entrance A, Street No. 4, Borg El Arab, Alexandria |
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Country : |
Egypt |
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Year of Establishment : |
1989 |
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Com. Reg. No.: |
204, Alexandria |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged
in the processing and export of meat products, including luncheon and smoked
meat, burgers, dumplings and sausages. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 250,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : BEDAYA FOR MEAT PROCESSING
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1989
Commercial Registration Number : 204, Alexandria
Issued Capital : £E 3,000,000
Paid up Capital : £E 3,000,000
Total Workforce : 150
Activities : Processing and export of meat products
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit
Limit : US$ 250,000
COMPANY NAME
BEDAYA FOR MEAT PROCESSING
ADDRESS
Registered &
Physical Address
Location : New City, Zone No. 3, Entrance A, Street
No. 4
Area : Borg El Arab
Town : Alexandria
Country : Egypt
Telephone : (20-3) 4592405
/ 4592406
Facsimile : (20-3) 4593238
Premises
Subject operates
from a large suite of offices and a factory that are owned and located in the
Industrial Area of Alexandria.
Branch Office
(s)
Location Description
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3
Masjed El Sheikh Street Rented
office premises
El Mansheia Street
Alexandria
Tel: (20-3) 4863316
KEY PRINCIPALS
Name Position
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Ibrahim
Khamis Ibrahim Managing
Partner
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Ahmed
Khamis Ibrahim Partner
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Moustafa
Ammar Accounts
Manager
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Kadry
Antar Sales
Manager
·
Mohamed
Khamis Ibrahim Production
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1989
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 204, Alexandria
Industrial Reg. No. : 27534
Issued Capital : £E 3,000,000
Paid up Capital : £E 3,000,000
Name of Shareholder (s)
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Ibrahim
Khamis Ibrahim
·
Ahmed
Khamis Ibrahim
OPERATIONS
Activities: Engaged in the
processing and export of meat products, including luncheon and smoked meat,
burgers, dumplings and sausages.
Import
Countries: Germany, Italy
and India
Export
Countries: Saudi Arabia, Kuwait, and Sudan
Brand Names: BEDAYA and OZY
Subject has a workforce
of approximately 150 employees.
FINANCIAL DATA
Companies
registered in Egypt are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Banque du
Caire SAE
5 Salah Salem Street
Alexandria
Tel: (20-3) 4821242
Fax: (20-3) 4834506
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
During the course
of this investigation nothing detrimental was uncovered regarding subject’s
operating history or the manner in which payments are fulfilled. As such the
company is considered to be a fair trade risk and the above credit figure is within
subject’s financial means.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 42.37 |
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UK Pound |
1 |
Rs. 84.01 |
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Euro |
1 |
Rs. 65.96 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)